Here’s what I’m seeing: Bitcoin just broke above a key resistance level, marked by the green downward-sloping line. This could indicate some bullish momentum, but we need to be cautious—it might be a false breakout if it doesn’t hold above $98,200. Now, check out the white parallel lines—they form a descending channel, and those arrows point to critical support levels at $97,401 and $96,403. If Bitcoin retraces, those are the areas where we might see a bounce or consolidation. Right now, we’re at a decision point. If the breakout holds, we could see more upside. But if selling pressure kicks in and it drops back below $97,401, it’s likely heading down toward $96,403. Either way, I’m watching these levels closely for the next move.
Fibonacci retracement shows that we might see a retracement to 13 lvl before next leg up. I think this would be a good opportunity to add buy SOFI for the long for those who missed this boat before.
The USD/JPY pair is currently trading near a critical zone, indicating potential for a strong movement. The price has been consolidating near the 157.00 level, which serves as a key psychological zone. Based on the recent price action and support/resistance levels, there are two plausible scenarios: continuation of the uptrend or a reversal toward lower levels. Key Levels to Watch: Resistance Levels: First resistance: 157.50 Second resistance: 158.00 Major resistance: 158.50 Support Levels: First support: 156.50 Second support: 155.50 Major support: 154.50 Potential Scenarios: 1. Bullish Scenario (Buy): If the price breaks above 157.50 and consolidates, it may indicate the continuation of the uptrend. Entry: Wait for a clear breakout above 157.50. Targets: Target 1: 158.00 Target 2: 158.50 Stop-Loss: Place the stop-loss below 156.70 to protect against unexpected reversals. 2. Bearish Scenario (Sell): If the price falls below 156.50 and closes under this level, a downward correction or trend reversal may be in play. Entry: Enter short positions if the price breaks and consolidates below 156.50. Targets: Target 1: 155.50 Target 2: 154.50 Stop-Loss: Place the stop-loss above 157.00 to limit potential losses. Technical Indicators to Monitor: RSI (Relative Strength Index): RSI hovering around the 50-60 range may indicate potential bullish momentum if it moves higher. Conversely, a drop below 50 could signal bearish pressure. Moving Averages (MA): Watch for the 50-period MA crossing above or below the 200-period MA for trend confirmation. Summary: At the moment, the market sentiment appears bullish, but the lack of strong movement suggests caution. Traders should monitor the 157.50 resistance level closely for confirmation of a breakout, while also keeping an eye on the 156.50 support level for potential bearish setups.
The TOTAL 3 market cap is looking spectacular for the 2025 bull run and could easily triple or quadruple in 2025, based on the chart. Keep in mind that this is the logarithmic chart, but this bull run isn't like any of the previous cycles, as many have yet to realize. In fact, it could end up being a cycle that extends well into the end of the year. Good luck, and always use a stop loss.
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CRYPTOCAP:BNB BNB/USDT: Potential Reversal and Breakout Opportunities Analysis: The chart provided is a 4-hour timeframe of Binance Coin (BNB) against Tether (USDT) on Binance. The chart employs various technical indicators and concepts, including Smart Money Concepts (SMC), price action, and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. These are crucial for identifying potential trend reversals. Change of Character (CHoCH): Several CHoCH points are noted, suggesting shifts in market sentiment and potential entry points for trades. Support and Resistance Levels: Key levels are marked at 731.24, 710.73, 622.92, 618.69, and 543.60, providing potential areas for price reaction. Volume Profile: The volume profile on the right side of the chart shows high trading activity around the 710.73 level, indicating a significant area of interest for traders. Indicators: RSI (Relative Strength Index): The RSI is hovering around the 53.55 level, suggesting a neutral market condition but with potential for upward momentum. MACD (Moving Average Convergence Divergence): The histogram shows green bars, indicating bullish momentum, but the recent red bars suggest caution. Elliott Wave Analysis: The chart shows potential Elliott Wave patterns, with corrective and impulsive waves marked. The current structure suggests a possible completion of a corrective wave, indicating a potential new impulsive wave. Buy Strategy: Entry: 710.73 (current price level) Take Profit 1 (TP1): 731.24 (next resistance level) Take Profit 2 (TP2): 751.19 (further resistance level) Stop Loss (SL): 693.00 (below recent support level) Sell Strategy: Entry: 731.24 (if price fails to break above) Take Profit 1 (TP1): 710.73 (current support level) Take Profit 2 (TP2): 693.00 (further support level) Stop Loss (SL): 745.00 (above recent high) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis incorporates various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, and RSI, support the analysis and identify key levels for entry, take profit, and stop loss.
https://www.tradingview.com/x/Mxpm3PDO/ ✅GOLD fell again to retest the support of 2636$ But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up LONG? ✅Like and subscribe to never miss a new idea!✅
Long-term analysis of DXY. Bullish count sees double-combo of March 2008 low, W is a regular flat, X is a zigzag, Y would be a zigzag with target of ~128 and median line of pitchfork to complete wave C of Y. This move would likely see US10Y targeting 8% in a long-term bond long-squeeze.
i think gold downtrend movement has already ended in 1H time frame...so i opened a long position at 2640.00 and my TP would be higher than last high in this timeframe...around 2665 and higher...so good luck guys and trade wid SL
Hi. I'll duplicate someone else's observation that a ‘bad cross’ of EMA 200 and EMA 50 has formed on the weekly chart of the total dominance of USDT and USDC. And it was back in December. This is a very good argument for TOTAL3 to start getting its share of capitalisation in 2025. Gosh, how many conditions are required. Market, political, sentiment, etc.